1000 E University Ave
Laramie, WY 82071
Phone: (307) 766-2116
Fax: (307) 766-3800
New student borrowers wishing to apply for a Subsidized Federal Direct Loan and/or Unsubsidized Federal Direct Loan need to complete the following:
Direct Subsidized Loans: The borrower is not charged interest while at least a half-time student and during grace periods and deferment periods. Current interest rates are available at studentaid.ed.gov.
Direct Unsubsidized Loans: Interest accrues from the time it's first paid out. The borrower can pay the interest while in school, during grace periods, and deferment, or allow it to accrue and be capitalized. If the borrower chooses not to pay the interest as it accrues, this will increase the total amount to repay. Current interest rates are available at studentaid.ed.gov.
Once your award is accepted and when you meet all requirements, we will certify your application. Once certified, your application will be sent to the US Department of Education. Your loan funds will then be deposited directly to your UW student account when your funds are sent to UW, and will be applied toward the payment of your UW charges. Any remaining amount will be mailed to you at your mailing address (change via WyoWeb, under the Student Resources Tab) in the form of a credit balance check.
If you are going to or have recently graduated, left college, or dropped below half-time status, you will be invited to complete a loan exit interview online. This session explains the borrower's rights and responsibilities and provide details about repayment options.
A loan is a form of aid that must be repaid with interest. The Federal Direct Loan interest rate is fixed. The interest rate is set annually, on July 1. You have a six-month grace period which begins once you leave school, graduate, or drop below half-time status. You have a choice of several repayment plans designed to meet the different needs of the individual borrower. If you have questions about repayment, it's best to contact your lender.
The U.S. Department of Education's National Student Loan Data SystemSM (NSLDSSM) provides information on your federal loans including loan types, disbursed amounts, outstanding principal and interest, and the total amount of all your loans. To access NSLDS, go to www.nslds.ed.gov.
If you're not sure who your loan servicer is, you can look it up on www.nslds.ed.gov or call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243; TTY 1-800-730-8913).
A deferment of required payments on a loan can be granted in some circumstances. Deferments may be authorized for
For details on qualifying for these deferments, please contact your lender or our student loan staff by phone at 307-766-3886 or by email at email@example.com.
Experience has shown that the best and quickest way to resolve a problem is to contact the person or office involved. If you are having a problem related to your loan, and you are unable to resolve that problem to your satisfaction with UW, your lender, a servicer, or your guarantor, you may contact the Ombudsman's office in the U.S. Department of Education. A representative of this office will research your situation, help you to understand the loan process and requirements, and intervene on your behalf should that become necessary.Office of the OmbudsmanStudent Financial AssistanceU.S. Department of EducationRoom 3012, ROB #37th & D Streets, S.W.Washington, D.C. 20202